Product Costing
Product costing is used by manufacturing companies to calculate the cost of making a finished product. It starts with entering the basic product information in terms of the finished product and the Raw material products then uses the Finished product Bill of Material and the product Routing to calculate the estimated cost of the finished product.
Intro
Calculating an individual Product or a standard batch size uses the Bill of Material and the Routing process for the finished product. The Bill of material indicated how much material is needed and the Routing indicated how the finished product will be made and the labour time needed. Both the material cost and labour cost are combined to show the estimated cost of the finished product.
Process: screen Menu Manufacture -PRODUCT COSTING
Calculating an individual Product or a standard batch size uses the Bill of Material and the Routing process for the finished product. The Bill of material indicated how much material is needed and the Routing indicated how the finished product will be made and the labour time needed. Both the material cost and labour cost are combined to show the estimated cost of the finished product.
Process: screen Menu Manufacture -PRODUCT COSTING
- You can use the filter section above each column to filter any information or click the column heading to sort that column
- You can modify the Bill of Material for the finished product and the Product Routing at any time to recalculate the estimated cost.
- press ‘View’ under ‘Create BOM Items’ column you will see following screen, for more detail about this screen please see section Adding Bills of material
- press ‘View’ under ‘Create Routing’ column you will see following screen, for more detail about this screen please see Adding Product Routing section
